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Economy

US dollar to be blamed for economic slowdown: Forbes

New York, Feb 9 (IANS) While it is easy to blame the slowing of the US economy on foreigners, a recent article published by The Forbes has said that rise of the US dollar is the root cause. The US economy sharply slowed in the fourth quarter of 2015 with a mere 0.7 percent annual growth

Jaitley says GST will be in place soon, reforms to continue

New Delhi, Feb 4 (IANS) Finance Minister Arun Jaitley said again on Thursday that the goods and services tax regime (GST) will become a reality soon, and ...Full Article

Wipro targets $15 bn revenue by 2020

Bengaluru, Feb 2 (IANS) India’s third largest IT firm Wipro Ltd has set a revenue target of $15 billion from its global IT services business by 2020, ...Full Article

India’s fiscal deficit at 88 percent of target in 9 months

New Delhi, Jan 30 (IANS) India’s fiscal deficit has touched 88 percent of the annual target as on end-December 2015, even as tax revenue crossed the two-thirds ...Full Article

Rupee closes above 68-mark, weakens by 17 paise

Mumbai, Jan 28 (IANS) The Indian rupee continued on its downward trajectory for the third consecutive session on Thursday. The rupee closed above the 68-mark against the ...Full Article

Chinese banks face more risk amid volatility: Moody’s

Beijing, Jan 26 (IANS) Credit ratings agency Moody’s has highlighted the increased uncertainty and risk that Chinese banks face amid volatility in interest rates, exchange rates, stock ...Full Article

Positive global cues, active domestic investors buoy markets

Mumbai, Jan 25 (IANS) Hopes on positive outcomes of the US and Japanese monetary policies, coupled with buying activity by domestic investors, supported the upward movement of ...Full Article

India to be fastest growing big economy in 2016: UN

New Delhi, Jan 22 (IANS) India will be the fastest growing big economy in the world in 2016, a United Nations World Economic Situation and Prospects ...Full Article

Auto Expo 2016 will be biggest of its kind in India: Organisers

New Delhi, Jan 21 (IANS) The organisers of Auto Expo 2016 on Thursday said its 13th edition from February 5 to 9 here is poised to ...Full Article

Volkswagen recalls 78,083 vehicles in China

Beijing, Jan 20 (IANS) Volkswagen China will recall 78,083 vehicles due to design defects, an official statement said on Wednesday. Starting from January 25, the recall ...Full Article